$KLDI
KLDiscovery Inc.

2019 Q2 Form 10-Q Financial Statement

#000119312519221252 Filed on August 14, 2019

View on sec.gov

Income Statement

Concept 2019 Q2
Revenue $78.33M
YoY Change
Cost Of Revenue $39.46M
YoY Change
Gross Profit $38.87M
YoY Change
Gross Profit Margin 49.62%
Selling, General & Admin $26.28M
YoY Change
% of Gross Profit 67.61%
Research & Development $1.489M
YoY Change
% of Gross Profit 3.83%
Depreciation & Amortization $4.600M
YoY Change
% of Gross Profit 11.83%
Operating Expenses $515.1K
YoY Change
Operating Profit -$515.1K
YoY Change
Interest Expense $12.39M
YoY Change
% of Operating Profit
Other Income/Expense, Net -$36.00K
YoY Change
Pretax Income -$11.22M
YoY Change
Income Tax $233.0K
% Of Pretax Income
Net Earnings -$11.45M
YoY Change
Net Earnings / Revenue -14.62%
Basic Earnings Per Share
Diluted Earnings Per Share -$0.27
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2019 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $600.0K
YoY Change
Cash & Equivalents $4.624M
Short-Term Investments
Other Short-Term Assets $200.0K
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $757.2K
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $232.2M
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $232.2M
YoY Change
TOTAL ASSETS
Total Short-Term Assets $757.2K
Total Long-Term Assets $232.2M
Total Assets $232.9M
YoY Change
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $200.0K
YoY Change
Accrued Expenses $0.00
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $547.5K
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt $0.00
YoY Change
Other Long-Term Liabilities $8.100M
YoY Change
Total Long-Term Liabilities $8.100M
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $547.5K
Total Long-Term Liabilities $8.100M
Total Liabilities $8.601M
YoY Change
SHAREHOLDERS EQUITY
Retained Earnings $1.052M
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $205.9M
YoY Change
Total Liabilities & Shareholders Equity $232.9M
YoY Change

Cashflow Statement

Concept 2019 Q2
OPERATING ACTIVITIES
Net Income -$11.45M
YoY Change
Depreciation, Depletion And Amortization $4.600M
YoY Change
Cash From Operating Activities $6.458M
YoY Change
INVESTING ACTIVITIES
Capital Expenditures -$2.958M
YoY Change
Acquisitions
YoY Change
Other Investing Activities $0.00
YoY Change
Cash From Investing Activities -$2.958M
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -3.400M
YoY Change
NET CHANGE
Cash From Operating Activities 6.458M
Cash From Investing Activities -2.958M
Cash From Financing Activities -3.400M
Net Change In Cash 100.0K
YoY Change
FREE CASH FLOW
Cash From Operating Activities $6.458M
Capital Expenditures -$2.958M
Free Cash Flow $9.416M
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
dei Document Type
DocumentType
10-Q
dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
dei Amendment Flag
AmendmentFlag
false
dei Document Period End Date
DocumentPeriodEndDate
2019-06-30
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2019
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Entity Registrant Name
EntityRegistrantName
Pivotal Acquisition Corp
dei Entity Central Index Key
EntityCentralIndexKey
0001752474
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Shell Company
EntityShellCompany
true
dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
dei Entity Small Business
EntitySmallBusiness
true
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
true
dei Entity Ex Transition Period
EntityExTransitionPeriod
false
CY2019Q2 us-gaap Cash
Cash
558060
CY2018Q4 us-gaap Cash
Cash
19168
CY2019Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
199137
CY2018Q4 us-gaap Deferred Offering Costs
DeferredOfferingCosts
133174
CY2019Q2 us-gaap Assets Current
AssetsCurrent
757197
CY2018Q4 us-gaap Assets Current
AssetsCurrent
19168
CY2019Q2 us-gaap Assets Held In Trust Noncurrent
AssetsHeldInTrustNoncurrent
232153694
CY2019Q2 us-gaap Assets
Assets
232910891
CY2018Q4 us-gaap Assets
Assets
152342
CY2019Q2 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
192329
CY2018Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
969
CY2019Q2 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
355135
CY2018Q4 pvt Accrued Offering Costs
AccruedOfferingCosts
2500
CY2018Q4 us-gaap Notes Payable Related Parties Classified Current
NotesPayableRelatedPartiesClassifiedCurrent
125000
CY2019Q2 us-gaap Liabilities Current
LiabilitiesCurrent
547464
CY2018Q4 us-gaap Liabilities Current
LiabilitiesCurrent
128469
CY2019Q2 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
3288
CY2019Q2 pvt Deferred Underwriting Fee
DeferredUnderwritingFee
8050000
CY2019Q2 us-gaap Liabilities
Liabilities
8600752
CY2018Q4 us-gaap Liabilities
Liabilities
128469
CY2019Q2 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
219310130
CY2019Q2 us-gaap Preferred Stock Value
PreferredStockValue
CY2019Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
1051717
CY2018Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-1127
CY2019Q2 us-gaap Stockholders Equity
StockholdersEquity
5000009
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
23873
CY2019Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
232910891
CY2018Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
152342
CY2019Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
us-gaap Operating Expenses
OperatingExpenses
742427
us-gaap Operating Income Loss
OperatingIncomeLoss
-742427
us-gaap Interest Income Other
InterestIncomeOther
2138035
us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
15659
us-gaap Other Nonoperating Income
OtherNonoperatingIncome
2153694
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1411267
CY2019Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
236590
CY2019Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000000
CY2019Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2018Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2018Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000000
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
596047
CY2019Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
6939008
CY2019Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.06
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
358423
us-gaap Net Income Loss
NetIncomeLoss
1052844
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
6559587
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.08
CY2019Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
216883422
CY2019Q1 us-gaap Adjustments To Additional Paid In Capital Warrant Issued
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
6350000
CY2019Q1 us-gaap Net Income Loss
NetIncomeLoss
456797
CY2019Q1 us-gaap Stockholders Equity
StockholdersEquity
5000005
CY2018Q4 us-gaap Preferred Stock Value
PreferredStockValue
CY2019Q2 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
3947594
CY2018Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
24425
CY2018Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2019Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2018Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2019Q2 us-gaap Operating Expenses
OperatingExpenses
515053
CY2019Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-515053
CY2019Q2 us-gaap Interest Income Other
InterestIncomeOther
1345991
CY2019Q2 us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
1699
CY2019Q2 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
1347690
CY2019Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
832637
CY2019Q1 pvt Adjustments To Additional Paid In Capital Common Stock Value Issued Subject To Possible Redemption
AdjustmentsToAdditionalPaidInCapitalCommonStockValueIssuedSubjectToPossibleRedemption
-218714087
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
3288
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
199137
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
191360
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
355135
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-750204
us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
230000000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-230000000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
225400000
us-gaap Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
6350000
us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
125000
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
335904
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
231289096
us-gaap Cash Period Increase Decrease
CashPeriodIncreaseDecrease
538892
pvt Change In Value Of Common Stock Subject To Possible Redemption
ChangeInValueOfCommonStockSubjectToPossibleRedemption
1052950
pvt Deferred Underwriting Fee Payable
DeferredUnderwritingFeePayable
8050000
pvt Number Of Warrants Sold
NumberOfWarrantsSold
6350000
CY2019Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-408284
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-551730
CY2019Q2 pvt Deferred Underwriting Fee Rate
DeferredUnderwritingFeeRate
0.035
CY2019Q2 us-gaap Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
21770239
CY2018Q4 us-gaap Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
0
pvt Initial Classification Of Common Stock Subject To Possible Redemption
InitialClassificationOfCommonStockSubjectToPossibleRedemption
218257180
CY2019Q2 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2018Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
dei Entity Incorporation Date Of Incorporation
EntityIncorporationDateOfIncorporation
2018-08-02
us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family: times new roman; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Use of estimates </div></div></div><div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. </div></div><div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">Making estimates requires management to exercise significant judgment. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the financial statements, which management considered in formulating its estimate, could change in the near term due to one or more future confirming events. Accordingly, the actual results could differ significantly from the Company&#8217;s estimates. </div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2019Q2 us-gaap Temporary Equity Net Income
TemporaryEquityNetIncome
-1004331
us-gaap Temporary Equity Net Income
TemporaryEquityNetIncome
-1604574
CY2019Q2 pvt Change In Value Common Stock Subject To Possible Redemption
ChangeInValueCommonStockSubjectToPossibleRedemption
-596043
CY2019Q2 us-gaap Business Combination Contingent Consideration Arrangements Description
BusinessCombinationContingentConsiderationArrangementsDescription
In connection with the Merger Agreement, the stockholders of LD will receive an aggregate of 34,800,000 shares of the Company&#8217;s common stock. The stockholders of LD will also have the right to receive up to 2,200,000 shares of the Company&#8217;s common stock if the reported closing sale price of the Company&#8217;s common stock exceeds $13.50&#8203;&#8203;&#8203;&#8203;&#8203;&#8203;&#8203; per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations or other similar actions) for any 20 consecutive trading days during the five-year period following the closing of the Transactions.
dei Entity Address State Or Province
EntityAddressStateOrProvince
NY
pvt Entity Incorporation State Name
EntityIncorporationStateName
Delaware

Files In Submission

Name View Source Status
0001193125-19-221252-index-headers.html Edgar Link pending
0001193125-19-221252-index.html Edgar Link pending
0001193125-19-221252.txt Edgar Link pending
0001193125-19-221252-xbrl.zip Edgar Link pending
d754839d10q.htm Edgar Link pending
d754839dex311.htm Edgar Link pending
d754839dex312.htm Edgar Link pending
d754839dex32.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
pvt-20190630.xml Edgar Link completed
pvt-20190630.xsd Edgar Link pending
pvt-20190630_cal.xml Edgar Link unprocessable
pvt-20190630_def.xml Edgar Link unprocessable
pvt-20190630_lab.xml Edgar Link unprocessable
pvt-20190630_pre.xml Edgar Link unprocessable
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R3.htm Edgar Link pending
R4.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending